The Drilling Company of 1972 A/S (OTCMKTS:DDRLF) Receives $252.50 Consensus Target Price from Analysts

The Drilling Company of 1972 A/S (OTCMKTS:DDRLF) has received an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $252.50.

A number of brokerages have commented on DDRLF. Danske upgraded The Drilling Company of 1972 A/S from a “hold” rating to a “buy” rating in a research note on Friday, May 28th. DNB Markets upgraded The Drilling Company of 1972 A/S from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a research note on Monday, August 23rd. Exane BNP Paribas upgraded The Drilling Company of 1972 A/S from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 25th. Kepler Capital Markets upgraded The Drilling Company of 1972 A/S from a “reduce” rating to a “hold” rating and upped their price target for the stock from 190.00 to 220.00 in a research note on Monday, August 23rd. They noted that the move was a valuation call. Finally, BNP Paribas upgraded The Drilling Company of 1972 A/S from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 25th.

Shares of OTCMKTS DDRLF opened at $37.69 on Friday. The business’s 50-day moving average price is $38.54 and its two-hundred day moving average price is $40.46. The Drilling Company of 1972 A/S has a one year low of $20.60 and a one year high of $44.46.

The Drilling Company of 1972 A/S Company Profile

The Drilling Company of 1972 A/S provides offshore drilling rig services to oil and gas companies worldwide. The company operates through North Sea Jack-Up Rigs and International Floaters segment. It owns and operates a fleet of 22 offshore drilling rigs, including 14 jack-up rigs, 4 semi-submersible rigs, and 4 drillships.

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Analyst Recommendations for The Drilling Company of 1972 A/S (OTCMKTS:DDRLF)

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